TripAdvisor (TRIP) PT Lowered to $28 at Susquehanna
Susquehanna lowered its price target on TripAdvisor (NASDAQ: TRIP) to $28.00 (from $32.00) while maintaining a Neutral rating.
Analyst Shyam Patil said the Priceline bid readjustment introduces further volatility for TRIP along with the continued mix shift toward lower monetizing mobile.
The firm is lowering lowering 2017 revenue estimate by 4%, EBITDA by 3%, and EPS by 2%. For 2018, they are lowering revenue estimate by 15%, EBITDA by 12%, and EPS by 17%.